 Tuesday, February 11, 2020 Radiant To Present At Loop Capital Markets Tranportation, Logistics and Materials Conference
Bohn Crain, the company's founder and chief executive officer will participate at the Loop Capital Markets Transportation, Logistics and Materials Conference
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Tuesday, February 11, 2020 Radiant Logistics Announces Results For The Second Fiscal Quarter Ended December 31, 2019
Company feels impact of industry-wide headwinds; in line with Company’s predicted results, revenues and earnings generally flat (compared to prior quarter) and down (compared to record results of the prior year quarter)
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02/08/18 1:15 pm
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RADIANT LOGISTICS ANNOUNCES FINANCIAL RESULTS FOR THE SECOND FISCAL QUARTER.
BELLEVUE, WA February 8, 2018 – Radiant Logistics,
Inc. (NYSE American: RLGT), a third-party logistics and multi-modal
transportation services company, today reported financial results for the three
and six months ended December 31, 2017.
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Second Fiscal Quarter Financial Highlights (Quarter Ended December 31, 2017)
- Revenues were $206.7 million for the second fiscal quarter ended December 31, 2017, up $7.8 million or 3.9% compared to revenues of $198.9 million for the comparable prior year period. Sequentially, revenues were up $8.7 million or 4.4% compared to revenues of $198.0 million for the quarter ended September 30, 2017.
- Net revenues were $47.9 million for the second fiscal quarter ended December 31, 2017, down $2.2 million, or 4.4% compared to net revenues of $50.1 million for the comparable prior year period. Sequentially, net revenues were up $1.8 million or 3.9% compared to net revenues of $46.1 million for the quarter ended September 30, 2017.
- Net income attributable to common stockholders was $3.3 million, or $0.07 per basic and fully diluted share, compared to a net income of $2.1 million, or $0.04 per basic and fully diluted share for the comparable prior year period, including a one-time benefit of $2.3 million related to a re-measurement of deferred tax liabilities as a result of the recently enacted Tax Cuts and Jobs Act. Sequentially, net income improved up $3.0 million or 1000.0% compared to net income of $0.3 million for the quarter ended September 30, 2017.
- Adjusted net income attributable to common stockholders was $3.6 million, or $0.07 per basic and fully diluted share for the second fiscal quarter ended December 31, 2017, compared to adjusted net income of $5.4 million, or $0.11 per basic and fully diluted share for the comparable prior year period. Sequentially, adjusted net income attributable to common stockholders was up $0.7 million or 24.1% compared to adjusted net income of $2.9 million for the quarter ended September 30, 2017. Periods are calculated by applying a normalized tax rate of 31% and excluding other items not considered part of regular operating activities.
- Adjusted EBITDA was $7.1 million for the second fiscal quarter ended December 31, 2017, down $1.8 million or 20.2% compared to adjusted EBITDA of $8.9 million for the comparable prior year period. Sequentially, adjusted EBITDA was up $0.6 million or 9.2% compared to adjusted EBITDA of $6.5 million for the quarter ended September 30, 2017.
Click here for full press release (pdf)
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